So how fares the meteorite market in these recessionary times? The supply is very low and the demand has really been going up in the last few years, says Farmer. Prices have quadrupled on certain items just in the last year. He is currently working on a $1.5 million sale of a 120-pound meteorite. He once negotiated in a similar price range with the Russians for a whopper weighing 3.5 tons. Having been burned investing in less rock-solid opportunities, Farmer says he's learned to keep his money in his inventory.
The phonograph, invented in 1877 by Thomas Edison, sent music on the sharpest tangent in its history. Mark Coleman writes about how the phonograph changed the music listening experience in his book, Playback: from the Victrola to MP3, 100 Years of Music, Machines, and Money.
Posted on November 4, 2010June 7, 2015. Edison invented the first phonograph in 1877. He got the patent for it at the same time. The name phonograph was originally given by Edison; the word was derived from Greek words meaning sound or voice. Edison did not work on developing a phonograph but it was invented while he was working on a telegraph machine. Edison had started working on the telegraph machine when he was a teenager.